6 Comments Wills, probate, letters of administration, powers of attorney
It is quite feasible to appoint your father as your Power of Attorney. He needs to be willing to do this and to be aware of his duties. You will need to set this up using a form from the state where your business will operate. On the form you can limit his powers to those you wish him to have. See details for Queensland, POA Qld other states have such sites.
However I'm not sure why you need to be present at the bank to set up the account. I recently opened an account at a new bank by phone. This bank does not have a conventional physical presence, all transactions are done on-line.
Thanks for chiming in. And its a little more complicated than doing it over the phone. Theres a bunch of red tape now when it comes to opening business accounts.
I've found a form for Victoria https://www.legalaid.vic.gov.au/sites/www.legalaid.vic.gov.au/files/vla-general-power-attorney-form.pdf
Once I fill this out, where do I submit it so that it's recognized that my father can act on my behalf?
You send it to your father, and he presents it along with his ID to whomever you wish him to act for you.
Not sure what the banks requirement will be to comply with the 100 points of ID. They may require you to fax or email these to them, better give them a call to find out.
The account I opened over the phone only happened a couple of months ago, I needed to send them a couple of items of ID by email and a few other things that they could check who I was. I don't see it would be any different for your business account.
Would i need to get an Affidavit for this form to get it witnessed and signed so its 'official' for it to be recognized?
Im trying to put all the pieces together. I've been trying to call the vic advocates to no avail of getting ahold of them.
Yeah the banking system has recently changed. Also I think there is a slightly different process with a business account. But im not an expert on the procedure. Im just blown away even with things such as skype and online notaries that we cant get this figured out an easier way.